February 5, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Law and Regulation, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Pricing, Transaction Processing
Australian financial regulators might intervene to stop banks from automatically routing contactless debit card payments to the Visa and Mastercard networks and instead give merchants the option of using the country’s EFTPOS network, Reuters reported.RevSpring Financial Services, a provider of collections-support services for health-care firms and other companies, debuted eVokePay, a payment …
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February 4, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Marketing, Mergers & Acquisitions, Point-of-sale, Prepaid Cards, Transaction Processing
Activist hedge fund Starboard Value LP has taken an approximately 9% stake in prepaid card and banking services provider Green Dot Corp., according to a regulatory filing. Green Dot issued a statement saying it “welcomes transparent, constructive feedback regarding the common goal of enhancing long-term shareholder value.” In the wake of a big …
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February 3, 2020
Acquiring, ATMs, Competitive Strategies, Digital Currency, E-Commerce, Fraud & Security, Marketing, Mergers & Acquisitions, Mobile Commerce, Transaction Processing
Cornerstone Payment Systems announced the acquisition of Move Your Mountain, a crowd-funding platform. Terms were not disclosed.Digital cross-border payments provider Remitly Inc. launched Passbook by Remitly, a mobile app aimed at immigrants in the United States that features a no-fee account from Sunrise Banks N.A. and real-time transfers via Visa Inc.’s Visa Direct …
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January 31, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Electronic Checks, Fraud & Security, Law and Regulation, Marketing, Point-of-sale, Remote Deposit Capture, Transaction Processing
Small businesses using Square Inc. will be able to use turnkey UPS shipping services integrated into Square Online Store, the acquirer’s e-commerce platform, UPS announced. The Square-UPS deal includes special shipping rates that could be up to 55% off UPS daily rates.Amazon.com Inc. reported it now has more than 150 million Prime members …
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January 30, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Law and Regulation, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
The U.S. House of Representatives’ Task Force on Financial Technology held a hearing Thursday morning titled “Is Cash Still King? Reviewing the Rise of Mobile Payments.” Witnesses included representatives from PayPal, the U.S. Faster Payments Council, the Brookings Institute, Consumer Reports, and a New York City non-profit dedicated to financial …
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January 29, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Marketing, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
EBay Inc. plans to expand its managed-payments program dramatically starting in the second half of next year, officials said Tuesday. Introduced last year, the program depends on a gateway from Adyen NV and now operates in the United States and Germany. “We will go hard at not only the markets that we’re in …
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January 28, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Person-to-Person Payments, Transaction Processing
PCI Pal, a payments provider for contact centers and other card-not-present businesses, launched PCI Pal Digital to secure transactions on digital channels such as Webchat, social media, email, and SMS.VPay, a digital claims-payment platform, reported a 30% rise in revenue from 2018 to 2019, fueled by a three-year, 180% customer …
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January 27, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Mobile Wallets, Prepaid Cards, Transaction Processing
Visa Inc. is among backers of an $80-million investment in Currency Cloud Ltd., whose software runs cross-border payments for financial apps, primarily in Europe. The funding round, co-led by Visa and SAP’s venture-funding unit Sapphire, included backing from Google. The funding follows Visa’s $5.3-billion deal to acquire Plaid, whose software enables fintechs …
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January 24, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
WEX Inc., a processor in the fleet-fueling and corporate transaction market, said it has agreed to acquire eNett, a business-to-business payments software company specializing in the travel market, and Optal, a specialist provider of B2B transactions, for approximately $1.275 billion in cash and approximately 2 million shares of WEX common …
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January 23, 2020
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Marketing, Person-to-Person Payments, Point-of-sale, Transaction Processing
BMO Harris Bank has made Zelle person-to-person payments available to its commercial clients, which can use Zelle to pay individuals without requiring banking information needed for ACH transactions. BMO Harris Bank says it is one of only eight banks to offer Zelle as a business-to-consumer service.Commerce Bank said insurer Progressive will use CommercePayments PreferPay for …
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